After two years of depressed market, currently refractory market has stabilised a bit and it seems that recovery is underway in 2018. About 75 per cent consumption comes from steel market hence major dependence is on steel market and our market growth is tied with ups and downs of the steel industry.

Increasing competitive pressures, rising raw-material and energy prices coupled with stricter regulations for environmental protection are making efficient and sustainable use of resources a top challenge for the cement industry.

The cement industry in the world has grown phenomenally in the last decade and the production level of all varieties of Portland cements taken together has crossed four billion tonnes, which is the largest volume amongst all manmade materials.

Environmental protection norms that have been revised and updated since 2014 are considered not too stringent going by global benchmarks. But the Indian industry and authorities are still in the process of finding a common ground.